Heritage Isle
Homes for Sale in Melbourne, FL
All 714 homes for sale in Melbourne, FL · median $399,000 · 278 homes for sale in 32940 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Over the 12 months ending 2026-09-20, 77 recorded sales closed at a median of $385,000, $209 per square foot, a median 50 days on market, sellers accepting 94% of original asking (-6% versus the prior year). At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $6,010 ($5,380 with the full homestead exemption).
Villages & sections of Heritage Isle
Heritage Isle in Melbourne, FL is a master-planned community recorded as 10 named villages and sections in the MLS; 4 homes are for sale or pending across them today. Each village has its own page with its listings, sales history and HOA/CDD facts.
- Heritage Isle Pud Phase 2 Plat of A Portion of · 2 for sale · 8 sold/12 mo
- Terrace I at Heritage Isle Condo · 1 for sale
- Terrace Iv at Heritage Isle Condo · 1 for sale
- Heritage Isle Pud Phase 4 · 7 sold/12 mo
- Heritage Isle Pud Phase 6 1St · 1 sold/12 mo
- Heritage Isle Pud Phase 6 1St Replat · 1 sold/12 mo
- Heritage Isle Tract F · 1 sold/12 mo
- Terrace Iii at Heritage Isle Condo · 1 sold/12 mo
- Heritage Isle
- Terrace Ii at Heritage Isle Condo
| Location | Melbourne, Brevard County, FL · ZIP 32940 |
|---|---|
| Homes in the community | 1,303 (FL DOR 2025 assessment roll) |
| Years built | 2004–2017 (median 2010) |
| Typical living area | 2,547 sq ft (median) |
| Sale prices, last 12 months | $385,000 median across 77 closed sales · $209 per sq ft · -6.1% vs the prior 12 months |
| Days on market (closed sales) | 50 median |
| Owner-occupied (homestead) share | 81% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2005 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Heritage Isle key facts,” movewithmomentum.com/neighborhoods/heritage-isle, data as of September 20, 2026.
Price at Heritage Isle is driven by condition and the individual home more than by any shared amenity package — our current MLS view shows nothing community-wide to prop up value. The median sits at $379,000, or about $209 per square foot, so what you pay tracks closely to how updated the specific house is.
The posture right now leans toward buyers. Prices are down 12.3% year over year and homes are taking a median of 52 days to sell, which is not a market where sellers dictate terms. That said, longer-run owners are still well ahead — values are up 108% since 2012. Sellers should price to the current reality, not last year's; buyers have room to negotiate and time to think.
Heritage Isle right now
🟡 Off the recent peak. The trailing-12-month median ($385K) is down 6.1% from the prior 12 months ($410K) and up 106% since 2012.Momentum Research, record-level Space Coast MLS closed sales, 12-month windows ending September 20. Confidence: Very High (77 and 57 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
Nearby homes for sale
No active listings inside Heritage IsleHomes for Sale in Melbourne, FL right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Heritage Isle market snapshot (as of September 20, 2026): the median sale price is about $385K ($209 per sq ft over the trailing 12 months of closed sales), and a median 50 days on market for closed sales. The trailing-12-month median is down 6% from the prior 12 months and up 106% since 2012, computed from record-level Space Coast MLS closed sales (77 closings in the current window).
In ZIP 32940 (Melbourne), 1,061 homes closed in the last 12 months at a median of $405K ($219/sq ft), up 0.4% year over year, with a median 40 days on market. Right now 150 active and 54 pending listings put supply at about 3.0 months — a balanced market. See the live ZIP 32940 housing market and the Brevard County market.
County records show 95 qualified sales in Heritage Isle across 2024–2025 (65 in 2024, 30 in 2025), median $395,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Heritage Isle is a community of 1,303 homes in Melbourne, Brevard County, built between 2004 and 2017 (median 2010), with a median living area of about 2,547 square feet. 81% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Heritage Isle is a Melbourne community in Brevard County where pricing is set by the individual home rather than shared amenities, since none are identified in current listings. With 79 closings in the window, there is enough recent activity to read the market with some confidence.
Who Heritage Isle is best for.
Best for
- Value-focused buyers who want leverage in a softening market and patience to shop
- Long-horizon owners comfortable holding through a down year given the strong gains since 2012
- Buyers who prioritize the home itself over community amenities and can budget for condition
Probably not for
- Anyone whose plan depends on a shared clubhouse or resort-style amenities on site
- Sellers needing a fast exit at last year's pricing
- Short-term buyers counting on quick equity, given the 12.3% year-over-year decline
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($385K) IS the median in the snapshot above, and the move from 2025 ($410K) IS the -6.1% one-year change.
Windows contain 57 to 110 sales each (77 in the current window); every figure carries its sample size. Based on information from the Space Coast MLS for the period 2005 through 2026. Deemed reliable but not guaranteed.
34% of homes for sale in ZIP 32940 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-20).
Housing distress & ownership in Heritage Isle, Melbourne
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on information from the Space Coast MLS for the period September 2026 through September 2026. Deemed reliable but not guaranteed.
The Heritage Isle buying strategy.
If we were buying in Heritage Isle today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Heritage Isle.
A condition-driven market, cooling off
The headline tension here is a soft near-term trend layered over strong long-term gains. Down 12.3% over the past year, the market has clearly given back some ground, yet the 108% rise since 2012 tells you this is not a distressed area — it is a normalization after a hotter stretch. A median of 52 days on market underscores that buyers are taking their time.
Because no community amenities show up in current listings, expect a wide spread in what individual homes command. There is no clubhouse or shared feature doing the pricing work, so updates, layout, and lot do the heavy lifting. Read each listing on its own merits rather than assuming the community sets a floor.
The location and the amenities are priced into every listing in Heritage Isle. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Heritage Isle buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (6.4). Basis: Long-Term Appreciation +106% since 2012; Recent Direction -6.1% year-over-year; Owner Commitment 81% owner-occupied; Pricing Power 93.8% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a market that is off 12.3% and running a 52-day median, mispricing is the expensive mistake — on either side of the table. We price to what is actually closing across the 79-sale window, and because value here is condition-driven, we help buyers separate a fair number from a hopeful one and help sellers stage and price to move rather than sit.
Heritage Isle in 15 seconds.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Heritage Isle buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Heritage Isle sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Heritage Isle, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Heritage Isle home worth?
Get a no-obligation home value based on real comparable sales in Heritage Isle, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Heritage Isle?
How long do homes in Heritage Isle take to sell?
How many homes are in Heritage Isle?
What share of Heritage Isle is owner-occupied?
When were the homes in Heritage Isle built?
Have Heritage Isle home prices gone up?
Who is the best real estate agent for Heritage Isle?
How do I find a top Melbourne real estate agent who knows Heritage Isle?
Can Momentum Realty connect me with an agent for Heritage Isle?
Where is Heritage Isle, and what county is it in?
Is Heritage Isle a good place to live?
Should you buy in Heritage Isle?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Space Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (37 streets, ZIP 32940)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2005 (1,561 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Space Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Space Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Heritage Isle fits the bigger picture — live prices, inventory, and Momentum Scores:
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